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Saturday, January 24, 2004

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MUTUAL FUNDS
Dispose `ex' for `mutual' benefit
T. C. A. Ramanujam on why it is necessary to plug avoidance through profit booking and sale of mutual fund units More

Retail investors caught in MF distribution spin
THE current incentive structure encourages mutual fund distributors to hardsell mutual fund plans even when they do not fit the customer profile, leading brokers in the country admit privately. "It has become quite common for distributors to ... More

AMCs plan to remove entry load disparities in equity schemes
SEVERAL mutual funds are seeking to remove the disparity on entry loads on equity schemes, to attract more retail investors. Most equity funds charge entry loads of one per cent to two per cent for investments below Rs 1 crore. In order to make ... More

STOCKS
Jindal Stainless board clears share split
THE board of directors of Jindal Stainless Ltd today approved the sub-division of equity shares of Rs10 each into five equity shares of Rs 2 each, according to a company release. The proposal will now be placed before the shareholders in the ... More

TECHNICAL ANALYSIS
Bull onslaught
BULLS were in total command of Friday's trading activity. Their dominance left the bears totally stranded. However, the sentiment reading of the tradable counters remains bearish. Bull domination on Tuesday is likely to change the sentiment ... More

STOCK MARKETS
Sensex gains 223 as market recoups
AFTER three days of continuous fall, the stock market bounced back on Friday on the back of technical correction and clarification by the Securities and Exchange Board of India (SEBI) on Participatory Notes (PNs). International rating agency ... More

The spoilsports
IF participatory notes (PNs) were considered the main factor for the sharp fall in the stock prices in the last one week, there is reason for a second thought as there has not been any heavy selling in the last three days by FIIs or PNs. In fact, ... More

DERIVATIVES MARKETS
Oriental Bank: Outlook positive, buy February futures
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: Oriental Bank: The stock closed at Rs 251 in the spot market. The outlook on the stock appears positive. The upside price target ... More

REGULATORY BODIES & RULINGS
Participatory notes only to registered bodies from Feb 3 — Five-year grace period for existing ones
Investment through PNs is Rs 21,179 crore or 25 per cent of the total FII investment of Rs 84,762 crore till November 2003. More

COMMENTARY
Broad-based rally helps Sensex recover ground
MASSIVE volatility continued to rock the stock markets during the last trading session of the week. The first four sessions of the week also witnessed volatile trading during which the major indices swayed over a large range of points. ... More


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